Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases with the number of applicants to be screened. To combat this externality that applicants impose on programs, application costs can be used as a Pigouvian tax. Higher costs...

Walters applied a demand and supply model to collect toll for easing congestion. This paper proves that his model is a lame duck, one without a supply function. It then works out a wholesome traffic and congestion model, to offer some alternative methods to solve congestion. This paper also...

Der Bausektor läuft seit einiger Zeit auf Hochtouren. Auch wenn die Aufwärtsentwicklung mittelfristig zu Ende gehen dürfte, wird das Baugeschehen weiterhin sehr lebhaft bleiben. Mit Blick auf die stark ausgelasteten Kapazitäten dürfte sich die Situation demnach nicht wesentlich entspannen....

Due to the call for further integration of European markets and the targeted climate goals, both European electricity systems and markets have undergone continuous changes over the last few decades. As part of these developments, the so-called Flow-Based Market Coupling (FBMC) superseded the...

Increasing infeed from renewable energy sources poses considerable challenges to system operators who are in charge of power system reliability. Accordingly, the frequency of network congestion and the corresponding congestion management costs have increased dramatically over the last years and...

This paper studies the interaction between urban spatial equilibrium and commuting congestion dynamics. We present a new monocentric city framework that combines a discrete urban space with multiple Vickrey (1969)-type bottlenecks. The model illustrates commute scheduling patterns by residents...

This paper analyses a stopping game in which two players choose between learning about the quality of their private risky arm, and competing for the use of a single shared safe option. A player whose risky arm produces a success stops competing for the safe option. We assume that each player...

Nine major world economies and few South Asian economies are slowing. South-east Asia is more vulnerable to economic downturn than it was during the global financial crisis one decade ago, according to analysts at global management consultancy Bain & Co. Greater exposure to a slowing China - and...

We investigate the impacts of in-vehicle activities of commuters in the autonomous car on aggregate travel patterns. We allow for an autonomous car to affect the utility difference between being at home and being in the vehicle differently than the utility difference between being at work and...